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REGISTERED NUMBER: 04005990 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

D & S RETAIL LIMITED

D & S RETAIL LIMITED (REGISTERED NUMBER: 04005990)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & S RETAIL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr D A Hallam
Mrs S I Hallam





SECRETARY: Mrs S I Hallam





REGISTERED OFFICE: 19 Runner End
Holme Upon Spalding Moor
York
YO43 4EP





REGISTERED NUMBER: 04005990 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

D & S RETAIL LIMITED (REGISTERED NUMBER: 04005990)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 558 699
Investment property 5 633,158 633,158
633,716 633,857

CURRENT ASSETS
Debtors 6 2,000 2,000
Cash at bank 22,518 40,719
24,518 42,719
CREDITORS
Amounts falling due within one year 7 36,071 55,131
NET CURRENT LIABILITIES (11,553 ) (12,412 )
TOTAL ASSETS LESS CURRENT LIABILITIES 622,163 621,445

PROVISIONS FOR LIABILITIES 29,029 29,038
NET ASSETS 593,134 592,407

CAPITAL AND RESERVES
Called up share capital 159,002 159,002
Retained earnings 434,132 433,405
593,134 592,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

D & S RETAIL LIMITED (REGISTERED NUMBER: 04005990)

BALANCE SHEET - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:




Mr D A Hallam - Director



Mrs S I Hallam - Director


D & S RETAIL LIMITED (REGISTERED NUMBER: 04005990)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

D & S Retail Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

D & S RETAIL LIMITED (REGISTERED NUMBER: 04005990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown with borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022 1,721
Additions 115
Disposals (316 )
At 30 June 2023 1,520
DEPRECIATION
At 1 July 2022 1,022
Charge for year 139
Eliminated on disposal (199 )
At 30 June 2023 962
NET BOOK VALUE
At 30 June 2023 558
At 30 June 2022 699

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 633,158
NET BOOK VALUE
At 30 June 2023 633,158
At 30 June 2022 633,158

Investment property comprises of a retail unit at Runner End, Holme On Spalding Moor and industrial units at Helmsley Court, Pocklington and at Becklands Park, Market Weighton The fair value of the investment properties has been arrived at on the basis of a valuation carried out at 30 June 2023 by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   

D & S RETAIL LIMITED (REGISTERED NUMBER: 04005990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
Trade debtors 2,000 2,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,704 4,751
Taxation and social security 6,124 5,409
Other creditors 25,243 44,971
36,071 55,131

8. RELATED PARTY DISCLOSURES

Included in other creditors as at 30 June 2023 is £22,160 (2022: £41,888) owed to the directors.

During the year dividends totalling £11,000 (2022: £4,000) were paid to the directors of the company.